January 20, 2022

Rivian warns of delays for EVs with largest battery and smallest value

Rivian is pushing again its most costly, furthest-driving configurations of its electrical pickup truck and SUV, warning R1S and R1T reservation-holders that they may face one other 12 months’s wait in the event that they keep on with their unique alternative. Deliveries of the 2 EVs are actually underway, albeit in small numbers, however Rivian has greater than 70,000 preorders to work via.

The preliminary R1T Launch Version – Rivian’s first, well-specified configuration of its electrical pickup – started deliveries first, with the primary R1S Launch Version SUV being claimed by the automaker’s CEO, RJ Scaringe, himself. Whereas the numbers of EVs shipped are nonetheless low, and Rivian has been prioritizing staff in order to higher work via lingering software program kinks, the promise was a major ramp-up in 2022.

At this time, in an e-mail to reservation holders that was reposted to Reddit, Scaringe set out some new expectations along with dropping some further particulars. As of December 15, the CEO wrote, “we had roughly 71,000 preorders for the R1T and R1S within the US and Canada.” Of that, “the massive majority” opted for the Journey Package deal trim, with Rivian’s Giant pack battery.

That battery is rated for 314 miles of driving by the EPA for the R1T, whereas the R1S SUV is rated for 316 miles in complete.

Rivian additionally has a Max pack battery, which prices $10,000 extra however guarantees 400+ miles of vary. Nonetheless that configuration – although obtainable for reservation-holders to pick – wasn’t anticipated to enter manufacturing till later in 2022. Now, Scaringe says, that timeline has been pushed again additional.

“With a view to serve the most important variety of preorder holders, we can be prioritizing constructing the Journey Package deal with Giant pack battery throughout the subsequent 12 months,” he wrote in his e-mail. “Discover Package deal preorders and autos with a Max pack battery configuration will comply with in 2023. In setting our supply timing, we optimized our construct sequence across the construct mixture that will assist us ramping as shortly as potential and due to this fact have the most important potential constructive local weather impression.”

Unexpectedly, Scaringe additionally confirmed some reservation particulars. Of the roughly 71,000 preorders, solely round 20% are for the Max pack battery.

Rivian can be reaching out to these prospects – who, the CEO acknowledges, may have put down reservations way back to 2018 – in January, with the supply of fixing their preorder to the R1T or R1S Journey Package deal with Giant pack battery. That approach, they will take supply someday in 2022. In the event that they decide to not change, nevertheless, that might imply ready till the next 12 months earlier than they get their new EV.

It’s not simply those that needed the larger battery that is perhaps annoyed as we speak. The Journey Package deal is Rivian’s dearer trim, with the R1T beginning at $73,000 earlier than incentives for that configuration. The Discover Package deal, in the meantime, begins at $67,500, however those that had been hoping to avoid wasting the $5,500 now will even have to attend longer to get their EV.

There’s greater than stretched endurance in danger, too. All eyes are on simply how the Biden Administration’s Construct Again Higher framework would possibly evolve the incentives round electrical autos, and modify the present $7,500 federal tax credit score that the R1T and R1S take pleasure in. Although the plan is to extend that determine, the precise quantity would even be depending on elements like the place the EV was produced and the character of the workforce.

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